March 2, 2011: U.S. District Court Judge William M. Conley issues an emergency order, under seal, freezing defendants’ assets and prohibiting the destruction of books and records by Omukwe, Jade and JadeFX.

March 8, 2011: Judge Conley enters a consent order of permanent injunction finding that Omukwe, JadeFX and Jade violated the Commodity Exchange Act by making fraudulent solicitations on the website www.jadefx.com and misappropriating customer funds. The order requires defendants to pay restitution, disgorge ill-gotten gains and pay a civil monetary penalty to be determined within 180 days of the date of the order.

March 31, 2011: To facilitate the return of JadeFX customer funds and the creation of a customer restitution fund, CFTC sends letters to JadeFX customers requesting documents to verify their status as current JadeFX customers.